Terms and Conditions for the University of Lincoln Accelerator Programme
The accelerator programme provides an intensive package of support. However, it can only be effective if participants commit time and effort to the programme.
Below, we have set out our expectations for participants on the programme.
- Attend all training, coaching and mentoring sessions;
- Take full advantage of the networking opportunities on offer;
- Engage and interact with the other businesses in the cohort;
- Put time and effort into the development of the business;
- Complete any work/actions by the deadlines given;
- Take part in a post-programme evaluation session with a business advisor;
- Take part in follow up meetings at 6 and 12 months following the end of the Programme;
- Actively help the University of Lincoln to market and promote the programme to others.
- If there is a reasonable excuse for not meeting the outlined expectations, the course facilitator should be notified in advance, or as soon as is reasonably practical.
- The University of Lincoln reserves the right to withdraw a participant’s place on the programme, or to not invite a participant to apply for seed-funding or to not shortlist an application for seed-funding if it considers that the above expectations have not been met.
- There is no right of appeal if your place is withdrawn or if you are not invited to apply for seed-funding or if your application for seed-funding is not short-listed.
The Accelerator Programme seed fund
- Participants that successfully complete the Accelerator Programme will be invited to submit an application for seed-funding.
- Seed-funding grants of up to £10,000 are available (please note that VAT costs are exempt from grant support).
- Applications for seed-funding will have to be supported with quotes from 3 separate suppliers.
- Businesses that are shortlisted will be invited to present their pitch for funding to a panel.
- The panel will assess the application/pitch on both the need of the grant to unlock potential and the impact that the money will have on the business.
- If the application is approved, a grant offer letter will be issued.
- The grant letter will stipulate that the business must fund the works initially and then, once completed and paid for, they can invoice the University for the agreed grant contribution.
- Once evidence of defrayal has been produced, the University will pay over the grant.
- The panel’s decision is final. There is no right of appeal for businesses that are not shortlisted, which are not awarded a grant from the seed-fund or which are not awarded as much grant funding as was asked for.